JK News Today
Washington, December 1
The United States has hailed Indian Prime Minister Narendra Modi’s demonetization drive as a right step in fighing corruption .
The state department Deputy Spokesperson Mark C Toner Wednesday said “ this “ recent action ( of rendering Rs 500 and 1000 notes as illegal tenders since November 8 midnight) followed on a series of steps that the Modi government took over the past two years to reduce black market money, and I think it also included a four-month amnesty for tax evaders in India, which resulted in I think the disclosure or declaration of billions of dollars in hidden assets.
This was an action – I’m talking about the discontinuance of the 500 and 1,000 rupee notes – designed to target illicit cash proceeds from corruption and tax dodging,” Toner said.
For More World News Updates Click Here